Grupo Vamos (VAMO3) investor relations material

Market leadership and business model

• Holds a leading position in heavy vehicle operational leasing in Brazil, with a diversified portfolio across leasing, used asset sales, and industry partnerships.

• Operates a unique business cycle of buying, leasing, and selling assets, ensuring high asset utilization and predictable cash flows.

• Maintains the largest nationwide network for selling pre-owned trucks, machinery, and equipment, with strong capillarity and digital presence.

• Focuses on long-term, stable contracts, with an average contract term of 4.7 years and 77% of contracts exceeding five years.

• Serves multiple sectors, including logistics, agribusiness, construction, mining, and energy, with a diversified client base and asset profile.

Financial performance and guidance

• Delivered 2025 guidance, achieving or exceeding targets for asset purchases, EBITDA, net income, and leverage.

• 2026 guidance projects improved profitability, higher occupancy rates (targeting 90%+), and lower leverage.

• Consolidated net revenue and EBITDA have shown strong CAGR, with continued growth expected in 2026.

• Operational efficiency gains have driven sequential profit growth, with EBITDA and EBIT margins improving.

• Positive cash flow generation and organic deleveraging support ongoing fleet growth and value creation.

Asset and inventory management

• Record leased fleet with the highest occupancy rate since 2020; focus on reducing available inventory and increasing utilization.

• Inventory at its lowest level since 4Q23, with rapid turnover of both new and used assets.

• Used asset sales are closely linked to leasing growth, reducing net Capex requirements and supporting cash generation.

• Store expansion and digital channels have more than doubled used asset sales volume, setting new records.

• Opportunities for 2026 include further inventory reduction, increased contract extensions, and innovation in short-term contracts and sustainable mobility.